News Hub: Fed Chief to Deliver Key Address

8/27/2010 9:14AM

The U.S. economy is weakening, and the Federal Reserve isn't likely to stand idly by. That will likely be the message from Ben Bernanke at this morning's eagerly awaited speech in Jackson Hole, Wyoming. Brenda Cronin and Dennis Berman discuss.

This transcript has been automatically generated and may not be 100% accurate.

Gou ... Mornington and a chair Fed chairman Ben Bernanke beginning in a speech ... in Jackson Hole I admit provide details on the Fed likely to do anything for their help the weakening economy Paul vignette market the Post joins us on that now call re examining any big news from the speech well known that certain thing about it this Jackson Hole means annual meeting the Fed hasn't it's really into the artfully take a hit ... Lanham is going to get right on time and again ... but I it's not something we're policy gets me something where a lot of from abstract economic things discussed ... with interesting that there's so much attention over tankan's Beach ... West Sirius B Chikane did a bit of a victory lap that's blown up in space ... what you really wanna look for people really ... keyed on ... the Chicago one of two ways ... one can say that the economy is eager to see that it's actually as bad as we ... may be him well I think it is ... for ... the outset that he and wouldn't do whatever it takes you know cool morning here somehow language that he is prepared to turn to more than they've gone ... or is he didn't say ... look it's bad that the Fed really you know were realistically at the end of or broke any economy displays is going to have a right now ... that the people wonder which way the collateral adding that the latter really seemed possible the word ... well you know what exactly would ever admit that there is nothing you can do write exactly and you know ... through this entire crisis they've always been of the mind that we will do whatever it takes ... you might say that they're supposed to be exiting from whatever it takes at this point and are not met with the ... problem is the form is that the Fed is supposed to be easing back ... but the converse all the numbers right ... economy so weak that they can ... that's the dilemma that the people wanted to hear how we can address and as such a ... great political dimension to the snoring in the ... Church moving to the peak of an election season writedowns out and and and Congress ... likes to talk you know that this with the tea party of victories of primaries ... likes to talk about restraining some of of the ... fiscal stimulus and I knew to get into the weekend GDP numbers a couple of days before the election I saw that has the potential is huge bomb shelters also only one Fed meeting that really between now and the elections in at the high-end sector up to twenty three nursing thanks again that's partners when people are watching the speech so much today there's really not a lot of options between now and then if the Fed doesn't want to receive ... some hanging on my guests are welcome to the perceived evils ... the ATO the kind of thing to come and say ... this is our policy ... is an account to that sort of Fed speak to you have to read into what they think ... that they are also tension with futures did jump on the GDP report ... Dow is up to when up immediately seventeen ... bearishness rendang ... that's just that's just the computers in a probe ... and we were ... and when it was better so they bought computer to see how long that lasts well so far it's been a dismal week in the stock market and our volume is low below ten thousand but says the local or the beach and Colin around and inject ... on a ... FT's ...